Gongin Precision Industrial Co Ltd
Gongin Precision Ind. Co., Ltd engages in manufacturing, processing, and sale of various molds, special machinery, electronic parts, and molds for aircraft engines and structures in Taiwan and Mainland China. The company was founded in 1967 and is based in Kaohsiung, Taiwan.
Gongin Precision Industrial Co Ltd (3178) - Net Assets
Latest net assets as of June 2025: NT$1.20 Billion TWD
Based on the latest financial reports, Gongin Precision Industrial Co Ltd (3178) has net assets worth NT$1.20 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.83 Billion) and total liabilities (NT$1.63 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.20 Billion |
| % of Total Assets | 42.24% |
| Annual Growth Rate | 9.04% |
| 5-Year Change | 25.45% |
| 10-Year Change | N/A |
| Growth Volatility | 11.81 |
Gongin Precision Industrial Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Gongin Precision Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gongin Precision Industrial Co Ltd (2017–2024)
The table below shows the annual net assets of Gongin Precision Industrial Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.23 Billion | -3.57% |
| 2023-12-31 | NT$1.28 Billion | +5.38% |
| 2022-12-31 | NT$1.22 Billion | +18.69% |
| 2021-12-31 | NT$1.02 Billion | +4.01% |
| 2020-12-31 | NT$984.31 Million | +8.40% |
| 2019-12-31 | NT$908.05 Million | +0.66% |
| 2018-12-31 | NT$902.07 Million | +33.88% |
| 2017-12-31 | NT$673.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gongin Precision Industrial Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 137.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$492.70 Million | 40.08% |
| Other Components | NT$736.52 Million | 59.92% |
| Total Equity | NT$1.23 Billion | 100.00% |
Gongin Precision Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Gongin Precision Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kirloskar Electric Company Limited
NSE:KECL
|
$26.18 Million |
|
Rumble Resources Ltd
AU:RTR
|
$26.18 Million |
|
Perfect Medical Industry Co., Ltd.
TWO:6543
|
$26.19 Million |
|
Q linea AB
ST:QLINEA
|
$26.19 Million |
|
Pyramid AG
XETRA:M3BK
|
$26.16 Million |
|
Visaka Industries Limited
NSE:VISAKAIND
|
$26.16 Million |
|
Risma Systems AS
CO:RISMA
|
$26.16 Million |
|
Genie Music Corporation
KQ:043610
|
$26.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gongin Precision Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,275,832,000 to 1,229,216,000, a change of -46,616,000 (-3.7%).
- Net income of 47,618,000 contributed positively to equity growth.
- Dividend payments of 101,363,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$47.62 Million | +3.87% |
| Dividends Paid | NT$101.36 Million | -8.25% |
| Other Changes | NT$7.13 Million | +0.58% |
| Total Change | NT$- | -3.65% |
Book Value vs Market Value Analysis
This analysis compares Gongin Precision Industrial Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.26x to 2.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$16.77 | NT$54.70 | x |
| 2018-12-31 | NT$19.25 | NT$54.70 | x |
| 2019-12-31 | NT$19.43 | NT$54.70 | x |
| 2020-12-31 | NT$21.09 | NT$54.70 | x |
| 2021-12-31 | NT$21.94 | NT$54.70 | x |
| 2022-12-31 | NT$26.09 | NT$54.70 | x |
| 2023-12-31 | NT$28.30 | NT$54.70 | x |
| 2024-12-31 | NT$27.29 | NT$54.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gongin Precision Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.62%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.24x
- Recent ROE (3.87%) is below the historical average (11.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.37% | 7.95% | 0.68x | 2.47x | NT$22.47 Million |
| 2018 | 9.90% | 7.94% | 0.54x | 2.33x | NT$-909.00K |
| 2019 | 6.27% | 5.01% | 0.49x | 2.57x | NT$-32.63 Million |
| 2020 | 11.11% | 8.35% | 0.56x | 2.38x | NT$10.51 Million |
| 2021 | 9.13% | 6.62% | 0.57x | 2.43x | NT$-8.57 Million |
| 2022 | 19.17% | 14.85% | 0.54x | 2.39x | NT$107.85 Million |
| 2023 | 15.98% | 12.55% | 0.57x | 2.24x | NT$76.27 Million |
| 2024 | 3.87% | 3.62% | 0.48x | 2.24x | NT$-75.30 Million |
Industry Comparison
This section compares Gongin Precision Industrial Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $3,425,314,700
- Average return on equity (ROE) among peers: 7.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gongin Precision Industrial Co Ltd (3178) | NT$1.20 Billion | 13.37% | 1.37x | $26.17 Million |
| Basso Industry Corp (1527) | $4.69 Billion | 15.81% | 0.15x | $112.50 Million |
| Jenn Feng New Energy Co Ltd (1538) | $314.60 Million | -31.60% | 2.89x | $5.14 Million |
| Chang Type Industrial Co Ltd (1541) | $876.37 Million | -2.60% | 1.04x | $24.94 Million |
| Kinik Co (1560) | $6.09 Billion | 20.48% | 0.57x | $1.40 Billion |
| De Poan Pneumatic (1570) | $693.89 Million | 11.00% | 0.29x | $31.32 Million |
| Inmax Holding Co Ltd (1591) | $393.55 Million | 2.06% | 0.58x | $42.14 Million |
| Tycoons Group Enterprise Co Ltd (2022) | $7.12 Billion | 4.66% | 0.86x | $64.34 Million |
| Hiwin Technologies Corp (2049) | $11.80 Billion | 17.14% | 1.34x | $1.96 Billion |
| Sheh Kai Precision Co Ltd (2063) | $566.73 Million | 22.21% | 0.62x | $22.55 Million |
| Sheh Fung Screws Co Ltd (2065) | $1.71 Billion | 16.18% | 0.72x | $39.62 Million |